Coal India opens online coal auctions to neighbouring countries; stock jumps over 6%
Coal India (CIL) has opened its online coal auctions to buyers from Bangladesh, Bhutan, and Nepal starting January 1, promoting transparency and efficient use of coal. The company’s stock saw a 6.26% increase after this announcement. The SWMA auction system, launched in 2022, has been updated to accommodate foreign buyers who must register and pay in advance through electronic means.